Marketing and production ramps cost money. I would guess that some smart people knew this was coming and that is one of the reasons why there's such a large short position. Why pay $7 or$8 when you can push this thing down below$6?

Hi OX: I expect the offerings to keep happening on any stock price staying power move. It been a regular money raising pattern. Dilution the price for the company proving it can compete with the biggies. Intel didn't sell any stock this round to lower it's stake. This if it truly wants out all together. I listened to the CC. The advertising won't be continuing, but the company did want to show their wears. As I've mentioned before this stock is a poster child ad PRO & CON- Long & Short on twitter. Blackberry? IMO this is what they have had to resort to because the biggies won't partner. IMO Blade 3000 is still a top notch development project that IMO could attract a top tier partner.

IMO you can't rule out a stock or cash deal. A few future hypothetical problem solved and a new platform for Blackberry to build on?

1. A way for INTEL to exit quietly (liquidity in BB stock or cash if a hypothetical cash deal.)2. Cash to develop Blade 3000.3. Enterprise Mobile Security: Mobile Device Tracking & Security Software -- Good Technology (BlackBerry) 4. A way for Vuzix shareholders/Board members to benefit by way of BB stock participation if a hypothetical stock deal.5. Paul Travers can concentrate on Operations/marketing & R&D instead of future funding.

$Vuzi & $BBRY Even Stock deal? The Co, has $1.7 billion in cash, and doesn’t plan to to use any of it for buybacks or dividends, Chen said

Vuzix Teams Up With BlackBerry To Deliver M300 Smart Glasses to Enterprise Customers

ROCHESTER, N.Y., Aug. 10, 2017 /PRNewswire/ -- Vuzix® Corporation (VUZI), ("Vuzix" or, the "Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets, is pleased to announce the company has teamed up with BlackBerry Limited (NASDAQ: BBRY; TSX: BB) to enable IT departments to manage and secure the data accessed and captured through its smart glasses. Deployed with BlackBerry Unified Endpoint Management (UEM) software, Vuzix Smart Glasses will enable the millions of employees estimated to use head worn wearable devices on the job to communicate clearly and access critical data, without interruption from the task at hand.

"We are excited to partner with BlackBerry, a global leader in secure operating systems, mobile communications and mobile device management to deliver secure and simple applications to BlackBerry's enterprise customers built around the Vuzix M300 Smart Glasses", said Paul Travers, President and CEO of Vuzix.

BlackBerry UEM enables customers to connect and manage wearable enterprise devices alongside other endpoints such as smartphones, tablets and laptops – all on a trusted, secure and scalable platform. It supports all major operating systems and provides the granular control, visibility and flexibility that IT needs to secure all endpoints.

"As more and more devices and connection points emerge, IT departments are tasked with not only ensuring data and information are secure, but also providing a unified workspace for employees," said Mark Wilson, SVP and Chief Evangelist, BlackBerry. "We're excited to partner with Vuzix to provide an innovative solution that will improve productivity and most importantly help keep people and information safe."

The Vuzix M300 Smart Glasses featuring BlackBerry® UEM, a simple way to deploy and manage smart glasses will be overviewed during the 'Best Practices for Deploying Smart Glasses in Your Enterprise' webinar on August 10th, 2017 at 12:00 pm (Eastern Time). Additionally, Vuzix will be showcasing the M300 Smart Glasses at BlackBerry's Security Summit 2017 taking place in London on October 24-25, 2017 and in New York on November 14-15, 2017.

A video demonstration of Vuzix smart glasses powered by BlackBerry UEM can be viewed through BlackBerry's YouTube channel via the following link.

Unless you're in an industry where you might be donning one of these bad boys, this probably won't matter to you. But it's interesting to see BlackBerry finally edging into the wearable space.

Back in 2014 CEO John Chen said that the company was interested in the category, something he reiterated earlier this year. Despite long rumors of a BlackBerry smartwatch (which seems incredibly unlikely given the new shape of the company), this is the wearable play it's made beyond sticking BBM on Android Wear.

There may be more to come, but as BlackBerry's strategy has shifted, it's likely we'll see this play out through licenses rather than BB building its own hardware. Don't call it a comeback, but it's probably a smarter direction for it to be making right now.

American Veterans with Low Vision and Blindness to Receive Smart Glasses from Vuzix Partner Cyber Timez and Wounded Warrior Program

Information contained on this page is provided by an independent third-party content provider. Frankly and this Site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact pressreleases@franklyinc.com

SOURCE Vuzix Corporation

ROCHESTER, N.Y., Aug. 14, 2017 /PRNewswire/ -- Vuzix® Corporation (NASDAQ: VUZI), ("Vuzix" or, "the Company"), a leading supplier of Smart Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets, is pleased to announce that Cyber Timez, a Vuzix VIP partner has received a purchase authorization in partnership with the Wounded Warrior Program to deliver Cyber Eyez, a smart glasses based visual aid software to assist American veterans with low vision and blindness, wounded warriors and veterans. The Wounded Warrior Program, an approved Ability One vendor, is an organization with the mission to assist our nation's wounded warriors, both men and women who have sustained permanent injury as a result of their tour in combat in their recovery efforts, which often includes employment assistance.

Vuzix logo

The project is expected to span 4 to 5 years and is targeted towards 175,000 American veterans and wounded warriors with low vision and blindness. All 42 Wounded Warrior Battalions and 40 Army Medical Centers will begin introducing Cyber Eyez on the Vuzix M300 to American veterans and their families as well offering assessment, training and technical support services.

Cyber Eyez leverages advanced AI engines to enable users with low vision and blindness to be more independent in a sighted world. Users can experience their world and get things done efficiently and independently. By using a high definition camera and an optical character recognition engine, Cyber Eyez provides highly accurate text recognition and provides the ability for virtually any text or signage read to the end-user in real time with no internet connection while still maintaining privacy. Cyber Eyez on the Vuzix M300 Smart Glasses enables many American veterans with low vision and blindness to magnify anything in their environment up to 15 times, read any text in over 100 languages, identify over 16 billion objects, recognize over a thousand colors, scan barcodes to identify products and even detect moods on faces.

"This is a tremendous opportunity for Vuzix to leverage our smart glasses and augmented reality technology to help American veterans, including our nation's veterans and wounded warriors impacted by low vision and blindness improve their overall quality of life," said Paul Travers, President and Chief Executive Officer at Vuzix.

"We are very excited to help our nation's greatest warriors impacted by low vision and blindness to maintain and regain their independence," commented Sean Tibbetts, Chief Executive Officer and Co-Founder of CyberTimez. "With Cyber Eyez, the Vuzix M300 is enhancing our nation's American veterans and wounded warriors lives and enabling them to resume their daily tasks, find jobs and regain their independence."

"Our goal with this project at the Wounded Warrior Program is to outfit thousands of American veterans and wounded warriors impacted by low vision and blindness, both men and women with smart glasses to help them find jobs, improve their quality of life and give them financial independence," commented Dr. David Godbold, National Director of the Wounded Warrior Program.

About Vuzix Corporation

Vuzix is a leading supplier of Smart-Glasses, Augmented Reality (AR) and Virtual Reality (VR) technologies and products for the consumer and enterprise markets. The Company's products include personal display and wearable computing devices that offer users a portable high quality viewing experience, provide solutions for mobility, wearable displays and virtual and augmented reality. Vuzix holds 51 patents and 39 additional patents pending and numerous IP licenses in the Video Eyewear field. The Company has won Consumer Electronics Show (or CES) awards for innovation for the years 2005 to 2017 and several wireless technology innovation awards among others. Founded in 1997, Vuzix is a public company (NASDAQ: VUZI) with offices in Rochester, NY, Oxford, UK and Tokyo, Japan.

About CyberTimez

CyberTimez (http://www.cybertimez.com/) is an award-winning business focused on making a difference in real people's lives through technology. We are firm believers in and driven by our motto "Always in the service of others." CyberTimez is focused on automating the Internet of Things using wearable devices like smart glasses and watches. Our driving force is to develop products that make a real difference in real peoples' lives. Most of our products start their life in the Accessibility space solving problems for those with the most challenges in everyday life and quickly find other commercial market verticals.

About Wounded Warrior Program

The Wounded Warrior Program (https://www.wounded-warrior-programs.com/ ) is an organization with a mission to generate revenue supporting those Veterans who have sustained service-related injuries and/or health conditions, whether physical, mental and/or emotional, that are registered with the Wounded Warrior Program, by and through the distribution and sale of a wide variety of office supplies and other office supply related products. The primary goal and function of the Wounded Warrior Program is to create meaningful employment opportunities for our nation's veterans who have sustained permanent injury as a result of their tour in combat.

Forward-Looking Statements Disclaimer

Certain statements contained in this news release are "forward-looking statements" within the meaning of the Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. Forward looking statements contained in this release relate to the performance and value of the Vuzix M300 Smart Glasses and their success with the Wounded Warrior Program, as well as the Company's leadership in the Video Eyewear, VR and AR display industry. They are generally identified by words such as "believes," "may," "expects," "anticipates," "should" and similar expressions. Readers should not place undue reliance on such forward-looking statements, which are based upon the Company's beliefs and assumptions as of the date of this release. The Company's actual results could differ materially due to risk factors and other items described in more detail in the "Risk Factors" section of the Company's Annual Reports and MD&A filed with the United States Securities and Exchange Commission and applicable Canadian securities regulators (copies of which may be obtained at www.sedar.com or www.sec.gov). Subsequent events and developments may cause these forward-looking statements to change. The Company specifically disclaims any obligation or intention to update or revise these forward-looking statements as a result of changed events or circumstances that occur after the date of this release, except as required by applicable law.

I've met the man . I've been a believer in Paul Travers. At first, Via information from a long ago former Vuzix employee. This before the company got to this stage. However It's the execution of a business plan that will make or break you. Could the recent stock offering been partly for the project ramp from the announced wounded warrior deal? The SA article seems to have started some short covering going on today.